MoonPay Lands $200M Credit Deal with Galaxy for Liquidity Stability

Crypto payments giant MoonPay has secured a $200 million revolving credit line from Galaxy, designed to help the company respond to market liquidity shocks. A recent example was the TRUMP memecoin rally, which required MoonPay to raise $160 million urgently.

Though MoonPay operates as a profitable and well-capitalized business, this is its first-ever credit deal. The company underscores the always-on nature of the crypto market, which demands instant liquidity at any given moment.

Why MoonPay Secured a $200M Credit Facility?

The $200 million credit line is MoonPay’s response to a liquidity bottleneck experienced during the TRUMP memecoin launch in December 2024. The unexpected surge in demand exposed the need for greater financial flexibility, leading the company to strengthen its capital reserves.

MoonPay’s Liquidity Crisis: Key Events:

• TRUMP’s unexpected demand explosion pushed transaction volumes to record highs.
• MoonPay’s capital was temporarily frozen in BlackRock, making it impossible to respond immediately.
• The company had to secure $160 million in emergency funding from Galaxy and Ripple to restore liquidity.

Determined to avoid similar liquidity crises, MoonPay has taken action. CEO Ivan Soto-Wright clarifies that the credit line isn’t about borrowing—it’s about ensuring instant liquidity when demand surges unexpectedly.

The $200 million credit facility from Galaxy allows MoonPay to handle liquidity surges in real-time, removing banking delays as a limiting factor.

MoonPay’s Robust Financial Performance

While securing this credit line, MoonPay remains financially sound and profitable. The company reported a 112% surge in net revenue for 2024, reinforcing its positive cash flow status.

MoonPay in Numbers:

• 30 million verified users spanning 180 countries.
• 112% revenue growth in 2024.
• Valuation: $3.4 billion, following a $555 million Series A round in 2021.

Although MoonPay has maintained profitability, the company understands that instant access to liquidity is crucial for sustained growth. This move ensures it remains agile and ready for any market fluctuations.

How Galaxy Became a Key Player in MoonPay’s Growth

What began as a financial solution has evolved into a strategic alliance—Galaxy played a key role in helping MoonPay manage liquidity during high-traffic events. Their ability to mobilize capital quickly was crucial in maintaining seamless operations.

With a $200 million credit line now in place, MoonPay is better equipped to handle sudden market shifts and exponential user growth.

Galaxy’s ongoing investments in pioneering blockchain projects are reshaping the digital finance sector. This strategic positioning gives MoonPay a crucial edge, offering immediate liquidity access and the security of an institutional partner capable of stabilizing operations during market swings.

Meanwhile, MoonPay’s ambitions extend far beyond payments. In 2024, it purchased Iron for $100 million, reinforcing its stablecoin infrastructure, followed by a $175 million acquisition of Helio, a Solana-based payments platform.

These high-profile deals signal MoonPay’s intent to revolutionize finance, creating an ecosystem powerful enough to rival traditional banking institutions.